In an exclusive interview, Narayana Murthy, the founder of Infosys, an Indian information technology services giant, stated that even AI-powered chatbots like ChatGPT cannot replace the human mind. Despite the internet buzzing with the many capabilities of ChatGPT, such as essay-writing, coding, and human-like conversations.
During an exclusive interview, Narayana Murthy, founder of Indian IT services giant Infosys, stated that even though ChatGPT, the AI-powered chatbot developed by U.S.-based OpenAI, has been generating buzz for its ability to perform various tasks such as essay writing, coding and conversation, it cannot replace the human mind. In November, ChatGPT was launched and since then, Chinese tech giants Alibaba and Baidu have also introduced their own versions. Murthy also mentioned that ChatGPT can be an excellent tool for generating knowledge and completing certain tasks.
Murthy, who served as the CEO of Infosys from 1981 to 2002, was named the 13th most impactful global business leader by CNBC in 2014. However, he noted that both he and the interviewer have access to ChatGPT.
Murthy emphasized the uniqueness of the human mind that sets us apart from one another. According to him, if two individuals are to compete against each other, they might both use ChatGPT as a foundation, but the differentiation comes from their own intellect, creativity, and tweaking. He added that teachers would be more impressed with a person who can demonstrate their own originality, rather than just relying on ChatGPT.
Murthy is not concerned about ChatGPT, saying that “the lazy guys will get C. Only smart people will get A.” He explained that the human mind is what sets individuals apart, as they use the ChatGPT output as a base and then add their own differentiation, tweaking, and smartness. Infosys, which provides business consulting, information technology, software engineering, and outsourcing services, was founded by Murthy and six other engineers in 1981 with an initial capital of just $250.
Infosys, which was founded in 1981 with a modest initial capital of $250 by Narayana Murthy and six other engineers, has since grown into a global brand worth billions of dollars. With a market capitalization of $62 billion, the company now employs over 346,000 people across the globe, including in Asia-Pacific, North America, Europe, and the Middle East.
In March 1999, Infosys became the first Indian company to be listed on the Nasdaq and later on the New York Stock Exchange in December 2012. Murthy emphasized that he sees ChatGPT as a tool to improve work quality and productivity, rather than a replacement for humans.
Murthy believes that the human mind is the most powerful machine and cannot be beaten, even by AI-powered chatbots like ChatGPT. Meanwhile, Infosys has been ranked as the third most valuable IT services brand in the world, with a brand value of $13 billion, according to the Global 500 2023 report by brand valuation firm Brand Finance. This places Infosys behind only Accenture and Tata Consultancy Services in terms of brand value.